Do Expected Future Marginal Costs Drive Inflation Dynamics

By Argia M. Sbordone. 2005

189 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/b34d5f9d243d213b6eb78a2ca31b4224d60ad43d

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In Economics and Econometrics

Citations in the corpus

The New Keynesian Phillips Curve: From Sticky Inflation to Sticky Prices (2008, result): “Sbordone (2002, 2005) estimates a closed form solution of the NKPC and derives results consistent with Gali and Gertler (1999), apparently confirming the dominant role of forward-looking behavior in the NKPC. Rudd and Whelan (2005), however, question these findings.”
Monetary Policy in a Monetary Union: What Role for Regional Information? (2008, background): “Among the latest contributions, Gal´ i, Gertler, and L´ opez-Salido (2005) and Sbordone (2005) argue that forward-looking behavior is dominant, whereas others, including Lind´ e (2005) and Rudd and Whelan (2005a, 2005b), criticize this viewpoint.”
Empirical Evidence on Inflation Expectations in the New Keynesian Phillips Curve (2014, methodology): “Sbordone (2005) refines the estimation approach by interpreting it as MD estimation and accounting for sampling uncertainty of the first-step estimated VAR (see also Kurmann 2005).”
The impact of the COVID-19 pandemic on business expectations (2021, background): “The microfoundations of the New Keynesian Phillips Curve suggest that firms make price-setting decisions on the basis of future nominal marginal (unit) costs; see Sbordone (2005).”
A Quantitative Comparison of Sticky-Price and Sticky-Information Models of Price Setting (2006, background): “To summarize, most of the reported results in Gali, Gertler, and Lopez-Salido (2005), Sbordone (2005), and Rudd and Whelan (2005c) echo those reported herein.”
Conditional Linear Combination Tests for Weakly Identified Models (2016, methodology): “Following Sbordone (2005), MM further assume that (πt, xt) follows a nth order vector auto-regressive (VAR) process, which can be written in companion form as”